RB.
Reckitt Benckiser (RB) £28.05
Reckitt Benckiser has reported a 15% increase in adjusted net income following the launch of new products such as Air Wick Freshmatic. (Read the full story: www.sharesmagazine.com/node/3289)
Shares says: Reckitt is your ultimate recession-proof stock and it should continue to perform robustly as worries of a severe economic downturn persist, but the shares are expensive. HOLD
FT says: Reckitt Benckiser has claimed sales of its Finish dishwasher tablets, Airwick room fresheners and Clearasil spot control treatment are immune to an economic downturn.
The Times says: Competition from Procter & Gamble remains strong, as does pressure on commodity prices, while growth in Europe, which still accounts for half of sales, is pedestrian.
The City says: While the rate of progress has slowed relative to H1, we think this is a strong performance in a difficult market. However, slowing growth in Europe needs to be watched.

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